Replies to post #28052 on Bakken Energy Corp. (BKEN)

[PennyStockYoda]

As long as the company is filing through "alternative" methods,
meaning it is Pink Current, it can issue a dividend. Although, FINRA
has recently been under no obligation to approve or cater to such
requests.

[DragonBear]

Can a non reporting company even issue a dividend?

Yes. Although it's rare for a Pinky to ever issue it as cash. ORFG chose the usual of issuing restricted stock.

If there are more than 500 shareholders of record then their 15d status would be withdrawn and they would be obligated to begin filing again

Most of these Pinkies ever have more than 100 shareholders.

I would think that a non-reporting company wouldn't be allowed to authorize more shares

They can authorize as many shares as they wish. For ORFG it's a simple matter of submitting a form with a filing fee to the Nevada Sec of State office. Currently the A/S count is set at 850M. The amount also stated in their Apr OTC filing covering end of Feb. Up from 250M A/S for the period ending in Nov, and filed in Jan. Issued shares hit 303M by the end of Feb.